A version of this post was first published on BusinessGreen.
It’s only years after its 1970s inception that the circular economy concept is really beginning to gain traction. The publication this summer of a clutch of policy proposals and recommendations from governments, business organisations and NGOs alike show that the idea is really gaining momentum.
But the catch-all title ‘circular economy’ belies a diverse set of complementary but distinct processes and activities. Some of these, such as improved recycling, could be achieved through tweaks to current regulatory and financial systems. Others, such as the more ambitious and valuable ‘inner loops’ of a circular economy – reuse, remanufacturing and servitisation – require more fundamental changes in the frameworks that shape business strategies and investments. Read more
Our new report, Wasted opportunities, marks the end of the second year for the Circular Economy Task Force of leading businesses. It reveals that outdated recycling systems are losing the UK economy £1.7 billion in wasted plastics, electronics and food.
The report comes at a time of transition for the circular economy. Our work over the past year has uncovered positive signals. Alongside task force members, we’ve talked to businesses ever keener to take up the idea and make the circular economy part of their values and their business model. With them are policy makers in Brussels, Edinburgh and Cardiff, talking of ambitious targets and policy support. In Westminster, enlightened politicians from all parties are beginning to explore the concept and seeking to incorporate the ambition to be more circular into their manifestos. Read more